Even if the Clarity Act does not pass, the U.S. cryptocurrency industry will continue to develop.

Odaily Planet Daily News 250 Digital Asset Management CEO Chris Perkins stated that even if the Clarity Act, which aims to clarify the cryptocurrency regulatory framework, fails to pass in Congress, the long-term development of the U.S. crypto industry will not be affected. He pointed out that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are continuously establishing regulatory frameworks to provide stability and certainty for the industry.

Perkins said that current regulatory agencies are gradually clarifying the classification system for digital assets through policies and practices. Compared to the past when tokens were defined as securities, the restrictions are now gradually becoming clearer, and related compliance pathways are becoming more defined. He also noted that if the Clarity Act ultimately passes, it will further solidify the regulatory framework, making future policies more difficult to reverse. Recently, market expectations for the bill’s progress have increased, with several legislators and industry figures indicating that progress is likely in the short term. (Cointelegraph)